Presents a broad introduction
to legal environment of U.S. business. Develops a basic understanding of
contract law, agency, and government regulation. Lecture 3 hours per week.

GENERAL COURSE PURPOSE

This course is the
first of two semester courses designed to familiarize the business student
with the relationships of law and business enterprises. This segment is
designed to explain the origins and purposes of law in general. It is also
designed to give the student a practical understanding of Contracts, Sales,
Agency, and Employment Law. The course isrequired in the Business
Management, Accounting, Marketing, and Real Estate curricula.

ENTRY LEVEL COMPETENCIES

An ability to read,
comprehend, and analyze material written at a college level. An ability
to write and present ideas using standard English.

COURSE OBJECTIVES

Upon the successful
completion of this course, the student should be able to:

A. relate
the role of law in society and the business environmentB. explain the function
of the legal adviser as part of the management team and the business communityC. exhibit enhanced
managerial potential as the student recognizes legal problems and solutions
related to business activitiesD. cope with future
career related legal problemsE. converse with the
essentials of law in drafting and executing contractsF. demonstrate familiarity
with the law of salesG. display a working
knowledge of the legal basis of warranty of goodsH. understand the
legal principles involving consumer-merchant transactionsI. use applications
of the legal aspects of product liabilityJ. develop an understanding
of the law pertaining to principal-agent relationshipsK. develop an understanding
of the law pertaining to employer-employee relationships.

MAJOR TOPICS TO BE
COVERED

A. The Legal
Environment of Business

1. Nature
and Sources of Law and Regulation2. The Judicial and
American Federal Systems3. Resolution of Private
Disputes4. Business and the
Federal Constitution5. Law of Torts6. Negligence and
Strict Liability7. Criminal Law and
Procedure8. White Collar Crime9. Conflicts of Interest10. Business Ethics:
Corporate Social ResponsibilityB. Contract Law1. Nature and Classification
of Contracts2. Offer and Acceptance3. Reality and Consent4. Consideration5. Legal Capacity
and Capability of Parties6. Statute of Frauds7. Construction and
Interpretation of Contracts8. Rights of Third
Persons9. Performance, Discharge,
and Remedies

C. Sales Law

1. Introduction to
the Law of Sales2. The Sales Contract3. Warranties and
Product Liability